Sangoma Technologies (TSE:STC) Reaches New 1-Year Low – Here’s What Happened

Sangoma Technologies Co. (TSE:STC)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$5.50 and last traded at C$5.56, with a volume of 33941 shares changing hands. The stock had previously closed at C$5.50.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reduced their target price on shares of Sangoma Technologies from C$12.00 to C$10.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$10.13.

Sangoma Technologies Stock Performance

The firm has a market capitalization of C$180.37 million, a PE ratio of -31.94 and a beta of 1.09. The company has a debt-to-equity ratio of 18.08, a current ratio of 0.87 and a quick ratio of 0.69. The stock has a 50-day moving average price of C$6.22 and a 200-day moving average price of C$6.79.

Sangoma Technologies (TSE:STC) last posted its quarterly earnings data on Wednesday, February 4th. The company reported C($0.08) earnings per share (EPS) for the quarter. The business had revenue of C$70.62 million for the quarter. Sangoma Technologies had a negative return on equity of 2.82% and a negative net margin of 3.16%. On average, research analysts expect that Sangoma Technologies Co. will post 0.01 EPS for the current fiscal year.

Sangoma Technologies Company Profile

Sangoma (TSX: STC; Nasdaq: SANG) is a leading business communications platform provider with solutions that include its award-winning UCaaS, CCaaS, CPaaS, and Trunking technologies. The enterprise-grade communications suite is developed in-house; available for cloud, hybrid, or on-premises deployments. Additionally, Sangoma’s integrated approach provides managed services for connectivity, network, and security. A trusted communications partner with over 40 years on the market, Sangoma has over 2.7 million UC seats across a diversified base of over 100,000 customers.